Warren Buffett's Berkshire Hathaway

New Berkshire Hathaway CEO Greg Abel publishes first letter to shareholders

Warren Buffett's successor released his first letter to Berkshire Hathaway shareholders on Saturday as the company took a USD 4.5 billion write-down on the value of its Kraft Heinz and Occidental Petroleum stakes. Greg Abel took over as CEO in January, so this is his chance to set the tone for his leadership. Investors are watching closely for any changes he might make, but Abel and Buffett have said there won't be significant changes in the way Berkshire operates. The letter opens with a tribute to Buffett and a promise to maintain Berkshire culture and continue operating the same way that has worked so well for six decades. And Buffett remains chairman and the largest shareholder, so he's still helping guide the Omaha, Nebraska-based conglomerate he built. But Abel is now writing the annual letters that were always known as one of the most-read business reports out there because so many investors admired and followed Buffett because of his remarkable track record, homespun wit and

Berkshire Hathaway invests in New York Times, trims stake in Apple

Berkshire said it also sold 4% of its stake in iPhone maker Apple, still its largest equity holding at $62 billion, and 77% of its 10 million shares in online retailer Amazon.com

As Warren Buffett retires, a look at the legacy of a pioneer investor

Warren Buffett will step down as chief executive of Berkshire Hathaway on December 31, ending a six-decade run both as an investor and philanthropist that reshaped global investing

Top manager exits Warren Buffett's Berkshire as new CEO Abel names team

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures. Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years. Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain. There's still two elephants in the room: what's Ajit Jain going to do and wh

Warren Buffett's Berkshire Hathaway fully exits BYD after 17-yr investment

Warren Buffett's Berkshire Hathaway has sold its entire stake in Chinese EV maker BYD, ending a 17-year investment that grew more than 20 times in value

Staying disciplined as Warren Buffett is incredibly tough: Raamdeo Agrawal

Warren Buffet has realised that 'buy and hold till death' may not always be the best strategy while investing. We now see that he's more open to selling, when needed, Agrawal said.

CEOs hail Buffett as he ends historic run at helm of Berkshire Hathaway

The famed investor delivered a more than 5,500,000 per cent return on Berkshire's stock as he turned a once-failing textile firm into the most valuable company

Explained: Why Warren Buffett prefers balance sheets over income statements

Warren Buffett offered fresh insights into his investing philosophy, particularly his long-standing preference for studying balance sheets over income statements when evaluating a business

Who is Greg Abel, Warren Buffett's chosen heir at Berkshire Hathaway?

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

'US fiscal policy scares me': Buffett as he hands over Berkshire to Abel

Buffett said during the meeting he was concerned about the US deficit and thought the United States faced problems that need to be solved, including bureaucracy

Warren Buffett to step down following six-decade run atop Berkshire

Greg Abel, the vice chairman for non-insurance operations, will take charge of the conglomerate upon board approval, Buffett, 94, said Saturday at the company's annual shareholder meeting

How Warren Buffett's $25 bn Coca-Cola bet earns him $776 mn in dividends

Warren Buffett's Berkshire Hathaway is set to receive $776 million in dividends from Coca-Cola in 2024, thanks to a raised quarterly payout, marking a 30-year investment

Warren Buffett's Berkshire Hathaway tops $1 trillion in market value

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

Warren Buffett's Berkshire halves stake in Apple, now has $270 bn cash pile

With the recent sell-offs, Warren Buffett-led Berkshire Hathaway has raised its cash position relative to total assets in the June quarter to 25 percent

Warren Buffett's Berkshire Hathaway trims its stake in China's BYD

Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million)

Warren Buffet's Berkshire Hathaway Q1 operating profit up 39% at $11.22 bn

The size of Berkshire's stake in Apple stake fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter

Buffett takes stage at Hathaway Berkshire meeting, cuts Apple stake

Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment

Berkshire Hathaway's march toward $1 trillion value stalls on results

The Omaha, Nebraska-based firm posted higher operating earnings, which briefly boosted a stock that's been been crawling toward the trillion-dollar club since it notched an all-time high last year

Master of one-liners: Here are some of Munger's lessons on politics, crypto

Munger was also "a generous philanthropist who provided unfiltered advice and refreshing opinions which positively impacted businesses worldwide," Sloan said

Warren Buffet donates Berkshire Hathaway shares to children's foundations

At Thanksgiving I have much to be thankful for, Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately USD 876 million and are in addition to the regular donations he makes each summer to those foundations and the Bill and Melinda Gates Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving. "My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. The testamentary trust w